Chapter 10: Financing Programs

• What are some of the factors that might determine whether a buyer should apply for a loan with high upfront costs and low payments? Do you think theres ever a time when its advisable for a first-time home buyer to choose a loan with low upfront costs and a large balloon payment? Why or why not?

Chapter 11: Closing the Transaction and Real Estate Math

• Can you guess what kinds of practices gave rise to RESPAs disclosure requirements concerning a lenders requirement that the borrower use a particular title company, appraiser, or other service provider? What kind of effect might these practices, if widespread, have on the lending industry overall?